What about a voucher to have the babies hands or feet moulded? not sure that is the right word. I know that a lot of hospitals have them up on the walls, they are really cute in frames and all! Not sure about the cost though, but I am sure you could search on the net!

We did this when I was working and alway managed to fill the basket with Nappies, a really good teddy bear (for keep sakes), baby bath thermoetor and things like wipes and baby sorbolene cream. It's hard when they probably already have a heap of stuff. You could also go down the track of maybe the leapfrog baby kick thing that plays music. It would certainly fill your basket and I'm sure I've seen them for about $70 recently. Then you could fluff it up with the extra wipes nappies etc.

or the sterling silver birth certificate holders with room for babys name to be engraved , thats one of the best sentimental gifts Ive recieved and it had two little round silver containers that had "first curl" and "first tooth" on them with space to engrave the date.

Its all mounted / presented in a timber glass top box that plays music when you open it...

From my work I got a gift voucher for a baby shop & it was fantastic. I got around $160 and was able to get some really nice things that I wouldn't have otherwise gotten because I couldn't figure out what I wanted or needed.... but having said that I love the idea of the photography sessions.

Im not sure where mine came from but I have seen one very similar at Frankston in the jewellery shop near coles (kinda opposite the bakers delight there) i guess those sorts of shops are your best bet.

tam: with those silver baby things- certifiicate, first tooth etc, you can get them from like "mr minute" or from gift shops. it would be cheaper than at the jewellers and then you will have xtra money for other things too

I'm in charge of this stuff at work (and we have a LOT of people having babies all year - just had 5 women go on ML!) and have always had good feedback about Coles/Myer vouchers - means they can spend it on whatever they want - nappies, food, nursery gear they didn't get gifted.... booze But I've recently been looking into nappy cakes. There is a place listed in the BB directory for Vic that seems pretty good. They can do something just for bubs or something for Mum too.
Good luck!

things the new family won't have time to do themselves, but still need doing
(nappy cleaning service voucher, cleaning the house vouchers, garden tidyup voucher e.g Mr Clip or dial a hubby, takeaway voucher for their fave thai or whatever takeaway)

and things that would be nice for some r and r.
(a gift of babysitting vouchers, massage voucher, haircut voucher)

for keepsakes, i thought of a set of coins from the Australian Mint in the year the baby was born.